Baghdad, Trading data revealed, today, Thursday, an
increase in oil prices, due to an increase in Brent crude oil and West Texas
Intermediate crude oil.
According to trading data, the price of Brent crude futures for June rose by 6.02 percent to 26.23 dollars per barrel.
US benchmark West Texas Intermediate contracts for May rose 4.87 percent to $ 21.30 a barrel.
The price of oil futures contracts fell by more than 20 percent, at the beginning of this month, after Saudi Arabia reduced the official price for selling its crude oil, indicating the start of a price war after the “OPEC” talks with Russia failed to reach an agreement on increasing production cuts.
Source: National Iraqi News Agency